COVID-19 Response Plan - Quebec Government - Support for Canadians
COVID-19 Response Plan - Quebec Government - Support for Canadians
Synopsis
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COVID-19 Response Plan Quebec Government – Support for Canadians Last updated June 24, 2022, 4:00 pm MST
Insight
Insight
QC Support for Businesses
Emergency Assistance to Small and Medium-Sized Enterprises (PAUPME)
Eligibility
- Companies from most sectors of activity are eligible for the program, as well as social economy enterprises (including cooperatives and non-profit organizations carrying out commercial activities)
- To be eligible, the business must:
- Have been in business in Quebec for at least six months
- Be closed temporarily, likely to close or show warning signs of closure
- Be in a context of maintaining, consolidating or relaunching its activities
- Have demonstrated a cause and effect link between their financial or operation problems and the COVID-19 pandemic
Benefit
- Loans of less than $50,000
- 3% interest rate, moratorium on principal and interest repayment until September 1, 2021
- Businesses subject to a closure order starting from December 20, 2021 can submit another application
Action Needed
- Application period is closed
- Moratorium on repayment of principal and interest related to financial assistance granted under this program is extended until June 30, 2022
- More information can be found here
Federal Support for Canadians
- For our summary of the Federal support programs for businesses and individuals, please visit HERE
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